How Many Bonds Do You Need?
There are bonds required by the state of Washington for you to perform contracting work which protect the public. There are also bonds that can protect your business or customers which are not required by the state.
Washington Contractor's Surety Bond Requirements
If you are a general or specialty contractor who wants a contractor license in Washington, you will need a continuous contractor's bond. You can apply to get an instant bond quote. If you are looking for information on other required contractor surety bonds in Washington like farm labor or electrical contractor bonds, visit the Washington contractor license bond page.
If you want to work on public projects, you need other bonds such as bid and performance bonds. They guarantee work will be done correctly and that suppliers and subcontractors will be paid. Bid and performance bonds, along with other contract bonds, are not state dependent like continuous contractor's bonds. To find out more about contract bonds visit the contract bond center.
Protect Your Company With Fidelity Bonds
To protect your customers or your business from employee dishonesty like theft, you need fidelity bonds. Business service fidelity bonds protect your customers from dishonest employees. Employee dishonesty fidelity bonds provide protection for your own business from your employees. If you would like to learn more visit the fidelity bond section.
What Is The Bonding Process?
Washington has its own licensing and bonding process. Follow the instructions below so you can ensure you meet all of the contractor requirements:
For detailed steps on how to get licensed, read the Washington contractor's license guide
Apply for a continuous contractor's bond and get a bond approval instantly.
Sign the indemnity agreement, pay online and we will ship you your bond.
What Is The Bond's Purpose?
A continuous contractor's surety bond does not protect you, but the public. It guarantees a contractor will follow all state regulations and license terms. If you need more general information about contractor license bonds, take a look at the general contractor's license bond page.
Can I Get A Contractor's Surety Bond With Bad Credit?
Yes, you can get a bond quote instantly and pay for your bond in minutes online.
However, if you need bid and performance bonds or any other contract bonds, you will likely be unable to get them with credit issues. Contract bond approvals for small contractors are based strictly on personal credit, and there are currently no bad credit markets available. Larger contractors can get these bonds with bad credit. However, they must have strong CPA business financials and adequate experience in the industry.
Pricing is a percentage of the bond amount, and that is based on personal credit. Apply to get an exact bond quote. Currently, general contractors need a $12,000 bond, and specialty contractors (one trade only) need a $6,000 bond.